Bernanke upbeat but 'flexible' amid mortgage woes (International Herald Tribune) Ben Bernanke, the Federal Reserve chairman, did not expect problems in the mortgage lending business to hit the rest of the economy, but said that the Fed had given itself
Flat Yield Curve Means Less Demand For ARM Products In The Future Last year at this time, the 30-year FRM averaged 6.08 percent. The average for the 15-year FRM this week is 5.34 percent, with an average 0.5 point, up from last
H&R Block loss nearly doubles on mortgage weakness (Reuters via Yahoo! News) H&R Block Inc. , the largest U.S. tax preparer, on Thursday said its quarterly loss nearly doubled, and was larger than analysts expected, as the struggles of its mortgage
Existing-home sales expected to fall 6.5% Forecast calls for third-highest total in annual sales David Lereah, NAR Existing-home sales are forecast to fall 6.5 percent this year to 6.61 million, which is the third-highest year on
Mortgages: U.S. mortgage rates change little, says Freddie Mac (Market Watch) Mortgage rates stayed mostly flat this week, as fresh economic and housing data send mixed signals to the market.
Square Footage Doesn't Match Q. I recently purchased a condominium. The Realtor's brochure described the property as having 1,400 square feet. Now, after closing, I have measured the property and found that it only
A review of economic statistics this week: -Manufacturing shipments up Statistics Canada reported manufacturing shipments advanced 0.3 per cent to $50.9 billion in May, led by aerospace products.
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